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Nickel: Australia adds metal to critical minerals list
Australia has added nickel to its list of critical minerals, predicting that weak prices for the battery metal will continue to put pressure on operators until 2024. On 16 February, Resources Minister Madeleine King announced the expansion of the critical minerals...
Aluminium: weak European demand remains a key obstacle to market recovery
According to Norwegian company Norsk Hydro, weak European demand for aluminium remains a key obstacle to market recovery. Norsk Hydro announced adjusted earnings before financial items, taxes, depreciation and amortisation (EBITDA) of NOK 3.74bn ($352m) in the fourth...
Copper: prices rebound thanks to a weaker dollar
Copper prices are rebounding today, Thursday 15 February, thanks to the easing US dollar and stable manufacturing demand from major consumer China. The metals were supported by the dollar index, which, after reaching a three-month high earlier in the week, started to...
Iron ore: Chinese imports rise despite Evergrande crisis
The first month of 2024 saw iron ore get off to a great start, mainly due to rising prices and substantial imports from China. Looking at iron ore futures, many investors were optimistic that the world's largest buyer of ore will continue to implement sufficient...